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146
Nov 29, 2012
11/12
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FBC
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john boehner said no substantial progress on fiscal cliff debt deal while harry reid insists we democrats are on track and will finalize it this year. even chuck schumer weighed in saying progress is being made on the hill and the next is a taste oversensitive. take a look at the intraday, you can see how it was jerked around today. right around 11:30 a.m., speaker john maye -- john boehner spoke. the buyers poured in, the short time later chuck schumer came in. now we are trading near the highs of the day. the dow jones dust they stop 77 points, 45 to the upside. all 10 s. and p. sectors are jumping with technologies leading the way. research in motion a big winner. can you believe the stock is near $12 per share. rim was at $6 per share, but positive comments out of goldman sachs fueling the game. apple in the green continuing the postelection resurgence. apple was in bear market correction level just a few weeks ago, but right now jumping about 1%. disappointing november sales numbers. costs dropping 6%, tiffany got a markdown, earnings missed street estimates. and then there is aeropo
john boehner said no substantial progress on fiscal cliff debt deal while harry reid insists we democrats are on track and will finalize it this year. even chuck schumer weighed in saying progress is being made on the hill and the next is a taste oversensitive. take a look at the intraday, you can see how it was jerked around today. right around 11:30 a.m., speaker john maye -- john boehner spoke. the buyers poured in, the short time later chuck schumer came in. now we are trading near the...
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Nov 19, 2012
11/12
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CNBC
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cliff debt crisis. right now the dow on pace for its best gain in more than two months. check out the cbo volatility index, moving lower by 6% right now. again, what we were talking about before, michelle, with gene, even as the market was going lower, there was no fear in the market and it continues to move lower. fear indicator at a multimonth low right now. >>> active investing, is it dying? having a mutual fund or hedge fund manager who actively picks stocks instead of just investing in a fund, like the s&p, like a spdr. >> there's ron who says the rumors of the demise of active manager are greatly exaggerated. we welcome you both and we hope you play nicely. >> i suspect we will. >> what is contributing to the death of the active manager? >> it's nothing new and nothing new that passive is outperforming. the big thing has been over the past two years, it's been an absolute slaughter. i think it comes down to three factors. the first two are nothing really new 37. number one is risk aversion, a lot
cliff debt crisis. right now the dow on pace for its best gain in more than two months. check out the cbo volatility index, moving lower by 6% right now. again, what we were talking about before, michelle, with gene, even as the market was going lower, there was no fear in the market and it continues to move lower. fear indicator at a multimonth low right now. >>> active investing, is it dying? having a mutual fund or hedge fund manager who actively picks stocks instead of just...
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Sep 24, 2012
09/12
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CNBC
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going into the year end, fiscal cliff, debt issues, a lot of these guys, their payouts are going to shrink. if you have some profits, probably should take them. >> speaking of which, maybe folks are doing that in gold today. is this just a temporary pullback? rick rule is founder and chairman of sprott global investments. got to have how i do not show today. >> thanks for the opportunity. >> we know why gold's been going up. it's because the central bank activity around the world has people moving into precious metals. is today telling us anything we should be worried about or is it just a temporary pullback? >> i think it's temporary. i think there's confidence in the system. gold has traditionally been the counterpart to confidence. i think people are feeling better about things. the moves in gold over the last couple of years have been more episodic. i suspect some other episode will take place to return today's trends. >> what kind of target are we talk about year end? >> i don't have a specific target except higher. the target i would have would be one that would be known to bernanke
going into the year end, fiscal cliff, debt issues, a lot of these guys, their payouts are going to shrink. if you have some profits, probably should take them. >> speaking of which, maybe folks are doing that in gold today. is this just a temporary pullback? rick rule is founder and chairman of sprott global investments. got to have how i do not show today. >> thanks for the opportunity. >> we know why gold's been going up. it's because the central bank activity around the...
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Dec 4, 2012
12/12
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KOFY
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cliff debate. president wants debt reduction that includes higher taxes on the wealthy. congressional replicans came one a counter proposal. their plan would reduce the naonal debt by 2.2 trillion including 800 biion in new tax revenue but no tax increase for the top 2% of earners. if congress and president can not reach an agreement income taxes will automatically go up for nearly all americans. >> 7 news teaming up with a job journal for another higher event. cawt have more than 350 jobs available at the free event in san jose. >> among the company hiring, hyatt regency santa clara. california army nional guard. new york life insurance an financial services as well as sleep traino what to do bring the sume to the double tree hotel in san jose from noon until 4 tomorrow. good opportunity to perhaps find the job you are looking for. >> magician from chico is recovering from severe burns to his head and face it happened while wayne was performing on television in the dominican public and thehow host
cliff debate. president wants debt reduction that includes higher taxes on the wealthy. congressional replicans came one a counter proposal. their plan would reduce the naonal debt by 2.2 trillion including 800 biion in new tax revenue but no tax increase for the top 2% of earners. if congress and president can not reach an agreement income taxes will automatically go up for nearly all americans. >> 7 news teaming up with a job journal for another higher event. cawt have more than 350...
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Jul 8, 2012
07/12
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CNBC
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eye 100
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and if the two risks of the fiscal cliffs and the debt ceiling were to materialize, then we forecast hardly any growth at all in 2013. and possibly the beginning of the year in recession. so those are serious threats. >> it is quite extraordinary to me, actually, given what is going on in europe, that they have not been more vocal talking about the fiscal cliff. in fact, i don't think people are focusing on an agreement where the tax cuts expire, the programs expire, it leaves us a month before the end of the year before these things could actually reverse. >> it would be ideal if an agreement could be reached, even for a set of temporary measures, not for the longer term, not on substance, but at least for an extension. because it would remove that uncertainty and consolidate confidence, which is so necessary. but i suppose most players because of the, you know, difficulty to cooperate, let's call it that way, assume that there will be a few tricks used by the treasury, for instance, not tricks. but tools used legitimately to push off into early 2013. the -- the critical time, so th
and if the two risks of the fiscal cliffs and the debt ceiling were to materialize, then we forecast hardly any growth at all in 2013. and possibly the beginning of the year in recession. so those are serious threats. >> it is quite extraordinary to me, actually, given what is going on in europe, that they have not been more vocal talking about the fiscal cliff. in fact, i don't think people are focusing on an agreement where the tax cuts expire, the programs expire, it leaves us a month...
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Dec 11, 2012
12/12
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FOXNEWSW
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this fiscal cliff is the direct result of the last fiscal cliff when we had the debt limit showdown. >>neil: both sides agreed. >>guest: i voted again i. why create the artificial crisis as a way to force action? it never works. >>neil: bethis. they did. >>guest: and now they are going to do it again. they are saying, now, hurt growth in america, cut a deal that hurts growth in america so in a year from now we will have a worst fiscal cliff and that is the real fiscal cliff $16 trillion debt which the tax you have 200,000 less jobsve next year and the people voting for that will be responsible and held accountable for the public policy. >>neil: you have been talking about freeing out to the middle-class. for and reason in the last election republicans lost the middle class. they seemed to get stereotypes as the party that appeals only to the well-to-do. what i am asking you, how do you change that? the perception sticks in the eyes of some. >>guest: first of all, we need to understand the middle class makes us different and exceptional. every didn't has rich people but what makes us
this fiscal cliff is the direct result of the last fiscal cliff when we had the debt limit showdown. >>neil: both sides agreed. >>guest: i voted again i. why create the artificial crisis as a way to force action? it never works. >>neil: bethis. they did. >>guest: and now they are going to do it again. they are saying, now, hurt growth in america, cut a deal that hurts growth in america so in a year from now we will have a worst fiscal cliff and that is the real fiscal...
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Oct 12, 2012
10/12
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CNBC
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a fiscal cliff.n debt limit, all the taxes hiked or not, we are facing a fiscal cliff. debt all the taxes hiked or not, we are facing a fiscal cliff.debt all the taxes hiked or not, we are facing a fiscal cliff. everybody knows we have to fix it, but nobody knows how. i believe as we get closer to the first of january, the markets will start to react because people will be so severely impacted by that's why they call it a cliff and they'll be severely impacted and i have every hope that we can sit done and reach an agreement. >> does that mean letting the bush tax cuts expire and letting payroll tax cuts sunset? >> it means we put everything on the table. >> he's basically saying i expect markets to force us to come to an agreement. >> we think there will be a very dark moment before things actually are forced to come to fruition. we did an analysis of the fiscal cliff, we think it's about $703 billion maximum hit. that's about 4.5% of gdp. based on on various issues that we know are up on the fiscal cliff and what we know obama supports and what we think romney will su
a fiscal cliff.n debt limit, all the taxes hiked or not, we are facing a fiscal cliff. debt all the taxes hiked or not, we are facing a fiscal cliff.debt all the taxes hiked or not, we are facing a fiscal cliff. everybody knows we have to fix it, but nobody knows how. i believe as we get closer to the first of january, the markets will start to react because people will be so severely impacted by that's why they call it a cliff and they'll be severely impacted and i have every hope that we can...
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dave: what if it goes over the fiscal cliff? >> i call it a fiscal curb. think back, literally, we had to baja, the bp oil spill, nuclear meltdown, debt downgrades, greece, italy, spain, foreclosures, student loans, how many things do we have to get fearful about before we start to believe in this economy? it is not booming. i am not saying it is perfect, not saying it is 1980s again, is not but is growing 2% per year, maybe 2.2, two.three, and it keeps growing. we have not had a recession since march of 2009. >> it is media granddad as almost people feel. if we take the consumer back and put them in the jobs report we did see the number of hours increase as did wages. what do you make of that? does that give you hope? >> it does. if you look at car sales in november, automobile sales, fifteen million vehicles were sold in november. highest since december of 2007. that weakness we saw in cars and auto sales in october and retail sales, i think because of sandy it is going to be over. november and december will be great month for the consumer. i do have hop
dave: what if it goes over the fiscal cliff? >> i call it a fiscal curb. think back, literally, we had to baja, the bp oil spill, nuclear meltdown, debt downgrades, greece, italy, spain, foreclosures, student loans, how many things do we have to get fearful about before we start to believe in this economy? it is not booming. i am not saying it is perfect, not saying it is 1980s again, is not but is growing 2% per year, maybe 2.2, two.three, and it keeps growing. we have not had a...
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Dec 28, 2012
12/12
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FBC
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eye 80
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byy the fiscal cliff, the debt ceiling -- shibani: the fiscal cliff -- >> cash is king. next you may expect earnings -- it is better than losing. we have seen how fast these markets are reacting to the news. yesterday if you wanted to take a larger position you could short the market using exchange traded funds without getting out of your positions and go into the bond market for the treasury's o take some kind of yield out of that. shibani: specific names. >> t l p is long-term treasury bond which for full disclosure i own from my clients. i am short using the et after the stock-market and the s&p and the dow and the russell. my client's head of ford folios and we have smaller stocks like family dollar stores. if the economy gets worse and full disclosure we do own family dollar, these kind of companies are going to do well when people have no money. shibani: great hedge plays, thanks very much. -pdennis: john brown coming up, the only real fix for washington gridlock is to limit legislators to 1-year terms. shibani: crisis averted on the east coast. massive looming por
byy the fiscal cliff, the debt ceiling -- shibani: the fiscal cliff -- >> cash is king. next you may expect earnings -- it is better than losing. we have seen how fast these markets are reacting to the news. yesterday if you wanted to take a larger position you could short the market using exchange traded funds without getting out of your positions and go into the bond market for the treasury's o take some kind of yield out of that. shibani: specific names. >> t l p is long-term...
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189
Oct 15, 2012
10/12
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CNBC
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eye 189
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cliff and the debt ceiling. both of them. this uncertainty is going to increase as we get closer to year end. it is a concern. it's a concern because, you know, investors, households, people who want to buy a house, make new investment, higher people, would like to know what the environment is going to be like and what the fiscal deficit momentum and process will be in 2013. >> she's being very diplomatic about it, typically. just a few hours ago citigroup ceo issued a similar warnings on the company's analyst call. he said this, we're coating, in the u.s. there are promising signs morrow bust economic growth is in reach, assuming the resolution of the fiscal cliff. lack of a resolution of the situation would be highly disruptive. >> while the fiscal cliff debate is fueling worries, consumer confidence is surging. surged to the highest level since before the recession. a survey by rbc say 14% of consumers changed their spending habits to prepare for the fiscal cliff. will this disconnect help or hurt us? >> i th
cliff and the debt ceiling. both of them. this uncertainty is going to increase as we get closer to year end. it is a concern. it's a concern because, you know, investors, households, people who want to buy a house, make new investment, higher people, would like to know what the environment is going to be like and what the fiscal deficit momentum and process will be in 2013. >> she's being very diplomatic about it, typically. just a few hours ago citigroup ceo issued a similar warnings on...
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88
Dec 27, 2012
12/12
by
FBC
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eye 88
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cliff, debt, crime, john stossel does not see that, are you going to break out into it's a wonderful world. it is a wonderful world. and you're right, it's terrible with the parasite lawyers and. stuart: parasite lawyers, excellent. >> in spite of that, people work around the politicians and life, i consider it my duty this time of year to step back and say, is life really getting better? it is and it has. louis the 14th have 498 people cooking for him and we eat better than he does because we have free markets and they give us facebook even if zuckerberg's sister is ticked off. stuart: so you want to look beneath the very nea veneer andt over a period of time our lives are getting better, materially better, is that the point? >> yes, and we're living longer and healthier. 7 billion people on earth and for the first time, only maybe a billion are near starvation, that sounds awful, but it's better than it's ever been before. it's the suffering that's-- stuart: i'm going to say later on the program and do my take, sort of editorial to say that the national mood is not optimistic, it's
cliff, debt, crime, john stossel does not see that, are you going to break out into it's a wonderful world. it is a wonderful world. and you're right, it's terrible with the parasite lawyers and. stuart: parasite lawyers, excellent. >> in spite of that, people work around the politicians and life, i consider it my duty this time of year to step back and say, is life really getting better? it is and it has. louis the 14th have 498 people cooking for him and we eat better than he does...
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lou: the fiscal cliff and now a new ultimatum on the national debt ceiling. you suppose this is the last condition? >> it's going to be a wild couple of months, maybe everybody thought with the election over, there was going to be peace and figure all of this out, but i think we're just at the beginning of a long protractive battle, lou. lou: more on the stalemate of the fiscal cliff, the impasse, and tell us what you think about the so-called negotiations. vote in tonight's online poll. do you agree president obama's ultimatum on higher taxes are actually the cause? make him responsible for driving us off the fiscal cliff? go to our to be page at facebook facebook.com/loudobbs. we'll have results at the end. chris and steven joining us here next to address that question and more. ♪ ♪ [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride. get the mercedes-benz on your wish list at the winter event going on now through december 31st. [ santa ] ho, ho, ho! [ malennouncer ] lease a 2013 e350 f $579 a month at your local mercedes-benz dealer. lou:
lou: the fiscal cliff and now a new ultimatum on the national debt ceiling. you suppose this is the last condition? >> it's going to be a wild couple of months, maybe everybody thought with the election over, there was going to be peace and figure all of this out, but i think we're just at the beginning of a long protractive battle, lou. lou: more on the stalemate of the fiscal cliff, the impasse, and tell us what you think about the so-called negotiations. vote in tonight's online poll....
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74
Nov 14, 2012
11/12
by
CNBC
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eye 74
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they voted to extend the fiscal cliff by issuing more debt and were going to sell more yen. the way to play this i think is dxj, a way to be long japanese stocks and short japanese yen at the same time. when you have a lot of money printing you have an inflation target of 2% to 3%. that is generally good for japanese stocks. this is a great way to get into it. >> tim? >> japan the more the yen weakens there are a lot of great dividend plays. >> meantime cramer has surprises coming up. a pair of recent earnings reports and wall street and all. there could be more reason to celebrate. get the names that could belong on your shopping list in the next hour. very big day for facebook. will wall street like the shares tomorrow? don't miss cramer's take coming right up here on cnbc. [ male announcer ] trading's like a high-speed train. and you don't want to miss it with thinkorswim by td ameritrade. you get knock-your-socks-off tools, simple one-click orders, real-time paper trading to hone your skills, plus anytime you need it support. ♪ stocks, options, futures, and forex. get
they voted to extend the fiscal cliff by issuing more debt and were going to sell more yen. the way to play this i think is dxj, a way to be long japanese stocks and short japanese yen at the same time. when you have a lot of money printing you have an inflation target of 2% to 3%. that is generally good for japanese stocks. this is a great way to get into it. >> tim? >> japan the more the yen weakens there are a lot of great dividend plays. >> meantime cramer has surprises...
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285
Jul 20, 2012
07/12
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CNBC
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eye 285
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they don't want to see it with the fiscal cliff or with a debt ceiling. i believe markets would respond well to a plan that says we don't want to do this -- >> but we're not doing that. at the end of the day we're not doing that. how are we con vipsivincing the markets we have a plan? i have not heard anybody discuss the fiscal cliff. >> the senate democrats have a plan, by the way, the senate democratic plan, dividend taxation goes to 20% not 44%. there is a -- this is a moving -- politicians are beginning to work from both sides on a plan to reverse this cliff as soon as we go over it. >> the house has passed a bill that gets rid of the sequester, and that's what the super committee was supposed to do, check that box, they will extend the current tax laws, check that box, that's it. that's a recipe to avoid this problem. we just need for the senate and the white house to wake up and do that aes well. >> i think that's a big can kick. >> but they say they will take dividends to 20% only if. there is no movement in tax cut extensions for the upper end. so
they don't want to see it with the fiscal cliff or with a debt ceiling. i believe markets would respond well to a plan that says we don't want to do this -- >> but we're not doing that. at the end of the day we're not doing that. how are we con vipsivincing the markets we have a plan? i have not heard anybody discuss the fiscal cliff. >> the senate democrats have a plan, by the way, the senate democratic plan, dividend taxation goes to 20% not 44%. there is a -- this is a moving --...
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147
Sep 13, 2012
09/12
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KQEH
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eye 147
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. >> susie: with the fiscal cliff looming, and the nation's debt rating hanging in the balance, tonight's commentator explains, how the debt debate trickles down to you. he's simon constable, columnist at the wall street journal. >> reporter: genius physicist albert einstein famously commented that insanity is defined as doing the same thing over again and expecting a different result. it's an idea that congress needs to wake up to. more precisely, it needs to stop playing chicken with its fiscal decisions. the last few years we've seen nothing but dysfunction. remember the debt ceiling debate last year, that was when our elected officials waited until the very last minute to come to a decision. that sort of behavior isn't doing us as a country any favors. quite frankly it's nuts. it isn't just me that thinks so. ratings agency moodys just scolded congress. the firm that determines the riskiness of a borrower said tuesday the us risks losing its coveted triple-a rating if congress doesn't shape up. specifically it pointed to the pending tax increases we face starting in january if the gov
. >> susie: with the fiscal cliff looming, and the nation's debt rating hanging in the balance, tonight's commentator explains, how the debt debate trickles down to you. he's simon constable, columnist at the wall street journal. >> reporter: genius physicist albert einstein famously commented that insanity is defined as doing the same thing over again and expecting a different result. it's an idea that congress needs to wake up to. more precisely, it needs to stop playing chicken...
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132
Dec 31, 2012
12/12
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FBC
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eye 132
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so i don't think that we're talking about simultaneously fiscal cliff, and, a debt default. liz: wilbur, you have the uncanny ability to put down a lot of fear and invest anyway. even if we face a greek-style problem, recession again. what do you like to invest in natural gas, with certain regards you were making investments there. tell us what you like going forward into the new year? >> i really like the natural gas, the shale gas activity. -pand the reason i like it is it's the one thing that could be a true economic game-changer without requiring one penny of federal assistance. it could move us toward energy independence. could cut our balance of payments deficit. could create hundreds of thousands of jobs. could let us be an exporter of chemicals and other products. could result in vast capital expenditures in chemical and plastics industries. and finally, could lower the cost of electricity both for manufacturers and consumers. it could put a few hundred dollars a year more in the pockets of every-day people. that is something that would really be good for the economy
so i don't think that we're talking about simultaneously fiscal cliff, and, a debt default. liz: wilbur, you have the uncanny ability to put down a lot of fear and invest anyway. even if we face a greek-style problem, recession again. what do you like to invest in natural gas, with certain regards you were making investments there. tell us what you like going forward into the new year? >> i really like the natural gas, the shale gas activity. -pand the reason i like it is it's the one...
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cliff, the fiscal deficit and the debt of the country, which are three topics that can be addressed now on the comprehensive and efficient fashion. >> in the fiscal cliff negotiation. so what should this mean? because i think i could interpret any given number to say, oh, that means we shouldn't touch taxes for the upper brackets because the economy still needs as much money as it can have in it. or i could argue, oh, this means that we need more stimulus to keep the jobs going, or i could look at the debt and say, oh, this means we need to cut spending. so what does it mean? so what would you, and what globally, what would mean the most for the u.s. to do in terms of the global economy? >> you know, what you said, you would qualify as an economist. on the one hand, on the other hand. the truth of the matter is that the best way out of this would be a balanced solution because you will always fine a school of thoughts that will say it's much better to cut spending, and you will find another school of thought that says it's much better town crea increase the r and cut taxes and there
cliff, the fiscal deficit and the debt of the country, which are three topics that can be addressed now on the comprehensive and efficient fashion. >> in the fiscal cliff negotiation. so what should this mean? because i think i could interpret any given number to say, oh, that means we shouldn't touch taxes for the upper brackets because the economy still needs as much money as it can have in it. or i could argue, oh, this means that we need more stimulus to keep the jobs going, or i...
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111
Sep 13, 2012
09/12
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KQED
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eye 111
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. >> susie: with the fiscal cliff looming, and the nation's debt rating hanging in the balance, tonight's commentator explains, how the debt debate trickles down to you. he's simon constable, columnist at the wall street journal. >> reporter: genius physicist albert einstein famously commented that insanity is defined as doing the same thing over again and expecting a different result. it's an idea that congress needs to wake up to. more precisely, it needs to stop playing chicken with its fiscal decisions. the last few years we've seen nothing but dysfunction. remember the debt ceiling debate last year, that was when our elected officials waited untilec the very last minute to come to a decision. that sort of behavior isn't doing us as a country any favors. quite frankly it's nuts. it isn't just me that thinks so. ratings agency moodys just scolded congress. the firm that determines the riskiness of a borrower said tuesday the us risks losing its coveted triple-a rating if congress doesn't shape up. specifically it pointed to the pending tax increases we face starting in january if the g
. >> susie: with the fiscal cliff looming, and the nation's debt rating hanging in the balance, tonight's commentator explains, how the debt debate trickles down to you. he's simon constable, columnist at the wall street journal. >> reporter: genius physicist albert einstein famously commented that insanity is defined as doing the same thing over again and expecting a different result. it's an idea that congress needs to wake up to. more precisely, it needs to stop playing chicken...
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79
Nov 15, 2012
11/12
by
FBC
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eye 79
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>> not much problem, but definitely the promise, no fiscal cliff, no sovereign debt default, up but the russian economy needs new drivers. we have a lot of balance, still driven mainly by the oil and gas industry and to provide more potential growth we just need a new industry. we have to particularly focus -- we should probably have not much done. liz: joining the world trade organization would that 11% to russia's gdp. what are the new opportunities? what are the new industries you feel russia could come up with other than minerals and energy which a lot of it is run -- are you considered an oligarchic? all the oligarchs -- >> russia traditionally has a high level education of people, quite advanced in high tech. if you look at the military side or space, russia can provide more for the world markets in this area. there's particular focus on this industry and government investing money, we hope things will change. liz: the space business, our fiscal cliff, half of russia's income comes from what happens in europe which is weak but we are facing a fiscal cliff. is there a word for fisc
>> not much problem, but definitely the promise, no fiscal cliff, no sovereign debt default, up but the russian economy needs new drivers. we have a lot of balance, still driven mainly by the oil and gas industry and to provide more potential growth we just need a new industry. we have to particularly focus -- we should probably have not much done. liz: joining the world trade organization would that 11% to russia's gdp. what are the new opportunities? what are the new industries you feel...
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455
Jul 3, 2012
07/12
by
WETA
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eye 455
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fiscal cliff would erode confidence and would create a potential contraction of the u.s. economy in 2013. >> woodruff: you're saying to u.s. policy makers, cut spending but don't cut it too deeply? is that what you're saying? >> correct, correct. what we're saying is that there is not a lot of policy room. let's face it. but that little policy room that is available should be used wisely to avoid those, particularly those domestic risks because the external risk is not something that you can do much about. but the risk at home is clearly that growth be contracted so much next year that they be fewer jobs, less activity created. we think that the deficit for the next budget should be reduced by one percentage point of g.d.p., no more than that. >> woodruff: as you know, the... there is a very strong debate in the country about what to do. conservative economic thinkers and policy makers are saying almost just the opposite. they're saying cut as much as you can. the big worry now is the debt and the deficit. >> i agree with them. not on the prescription. i agree with the an
fiscal cliff would erode confidence and would create a potential contraction of the u.s. economy in 2013. >> woodruff: you're saying to u.s. policy makers, cut spending but don't cut it too deeply? is that what you're saying? >> correct, correct. what we're saying is that there is not a lot of policy room. let's face it. but that little policy room that is available should be used wisely to avoid those, particularly those domestic risks because the external risk is not something...
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Sep 12, 2012
09/12
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KRCB
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. >> susie: with the fiscal cliff looming, and the nation's debt rating hanging in the balance, tonight's commentator explains, how the debt debate trickles down to you. he's simon constable, columnist at the wall street journal. >> reporter: genius physicist albert einstein famously commented that insanity is defined as doing the same thing over again and expecting a different result. it's an idea that congress needs to wake up to. more precisely, it needs to stop playing chicken with its fiscal decisions. the last few years we've seen nothing but dysfunction. remember the debt ceiling debate last year, that was when our elected officials waited until the very last minute to come to a decision. that sort of behavior isn't ing us as a country any favors. quite frankly it's nuts. it isn't just me that thinks so. ratings agency moodys just scolded congress. the firm that determines the riskiness of a borrower said tuesday the us risks losing its coveted triple-a rating if congress doesn't shape up. specifically it pointed to the pending tax increases we face starting in january if the gover
. >> susie: with the fiscal cliff looming, and the nation's debt rating hanging in the balance, tonight's commentator explains, how the debt debate trickles down to you. he's simon constable, columnist at the wall street journal. >> reporter: genius physicist albert einstein famously commented that insanity is defined as doing the same thing over again and expecting a different result. it's an idea that congress needs to wake up to. more precisely, it needs to stop playing chicken...
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Jul 3, 2012
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on the fiscal cliff, very few people are expecting any agreement on certainly the fiscal cliff and debt ceiling issues before the election. are you saying they need to face this now before the election, if not we will see a deterioration in economic growth? >> it would be far better, far better that it is addressed early on and before we get close to the risk. we think that the debt ceiling risk is likely to materialize early in 2013 and i'm sure the treasury department can use certain tools and mechanism to push the deficit cliff a little bit into 2013. if there was an agreement early on, it would be a serious confidence booster for the u.s. economy. >> madam lagarde, the eurozone, seems any headline coming out of europe really is moving markets all over the world particularly in the united states. you have spoken for a long time about the need to provide bailout money from this emergency stability mechanism, esm fund directly to the banks rather than going through governments. why is this so important? talk to us about what came out of this latest brussels meeting which seems to have
on the fiscal cliff, very few people are expecting any agreement on certainly the fiscal cliff and debt ceiling issues before the election. are you saying they need to face this now before the election, if not we will see a deterioration in economic growth? >> it would be far better, far better that it is addressed early on and before we get close to the risk. we think that the debt ceiling risk is likely to materialize early in 2013 and i'm sure the treasury department can use certain...
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Nov 7, 2012
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the fiscal cliff. that's why you have to be very cautious in the short term. when deficits go back to $1 trillion plus a year, then you're going to see precious metals take off like a rocketship. >> meantime, rick santelli, a safe haven play today, the u.s. dollar. the ten-year auction note was weak today with yields plunging. >> absolutely. it was definitely a "d" for dog auction today. that's to be expected. there was no concession. if you wanted to bite, you were coming in at the end of the parade. before the election, these guys were buying puts. they started to get out. the auction wasn't good. we're down a dozen basis points, about a one-month low in the ten-year. i'll tell you one thing, bill. the draghi comments, the market is down primarily as the reversal of the positions put on for mitt romney win. because if you look at all the news that was out of europe before we opened, the markets before pretty tame until we came into our time zone. >> yeah, there was a draghi selloff with his comments
the fiscal cliff. that's why you have to be very cautious in the short term. when deficits go back to $1 trillion plus a year, then you're going to see precious metals take off like a rocketship. >> meantime, rick santelli, a safe haven play today, the u.s. dollar. the ten-year auction note was weak today with yields plunging. >> absolutely. it was definitely a "d" for dog auction today. that's to be expected. there was no concession. if you wanted to bite, you were coming...
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Dec 10, 2012
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plus, we'll talk fiscal cliff and debt ceiling with him. plus, one hatch of simpson-bowles. the erskine bowles half. the less dancing of the duo. why former chief of staff is growing more optimistic we'll be able to get a deal before the cliff dive. by the way, will he take a job in president obama's cabinet? i'll have that answer straight ahead. first, a look ahead at the president's schedule today. you can see it's michigan with the lunch time remarks. back to the white house before 5:00. [ male announcer ] when ziggy the cat appeared at their door, he opened up jake's very private world. at first, jake's family thought they saved ziggy, but his connection with jake has been a lifesaver. for a love this strong, his family only feeds him iams. compared to other leading brands, it has 50% more animal protein... ...to help keep ziggy's body as strong as a love that reaches further than anyone's words. iams. keep love strong. ♪ don't know what i'd do ♪ i'd have nothing to prove ♪ i'd have nothing to lose [ male announcer ] zales is the diamond store. take up to an extra
plus, we'll talk fiscal cliff and debt ceiling with him. plus, one hatch of simpson-bowles. the erskine bowles half. the less dancing of the duo. why former chief of staff is growing more optimistic we'll be able to get a deal before the cliff dive. by the way, will he take a job in president obama's cabinet? i'll have that answer straight ahead. first, a look ahead at the president's schedule today. you can see it's michigan with the lunch time remarks. back to the white house before 5:00. [...
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Jul 31, 2012
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cliff and the debt crisis in europe. robert frank joins us with more, and they seem to be paralyzed in essence, right? >> yes, in the earnings call this morning it said that the wealthy clients are paralyzed with fear. it may sound like a ubs problem, but it's a big threat to our recovery and it spreads well beyond private banking. a recent survey show that the pessimism is the highest it's been in nine months. the wealthy are not putting money into stocks, and this matters because they make up more than two thirds of the retail investing market. michigan's consumer sentiment index shows it's dropped more than 20%. the top two-thirds accounts for the outlays. coach is down more than 15% today. tiffany's is following in sympathy. when we talk to lou frankfurt later, how will they get through the wall of wealth. what can you do to get them back in the stores? >> joins us here at the new york stock exchange, we have the ceo of coach. >> it's the worst -- you had your worst one day performance since 2008 right now. are you b
cliff and the debt crisis in europe. robert frank joins us with more, and they seem to be paralyzed in essence, right? >> yes, in the earnings call this morning it said that the wealthy clients are paralyzed with fear. it may sound like a ubs problem, but it's a big threat to our recovery and it spreads well beyond private banking. a recent survey show that the pessimism is the highest it's been in nine months. the wealthy are not putting money into stocks, and this matters because they...
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Dec 13, 2012
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i don't think this fiscal cliff talks will resolve anything. nothing. charles: the whole thing, though, a lot of conservatives are saying boehner may not be that far away from obama in ideology. in other words, he's purged the tea party within the ranks of the leadership within the g.o.p. and seems to be willing to go down the same path as the president. >> i'm not sure i believe that. i think boehner's heart is in the right place, but he's caught up. it's his role to sort of grind out a deal with the president, rather than speak for the party. noww you know, stuart, in the british system, someone will stand on the floor of the house of commons in the opposition and give a major statement of the party's position in any given fight. i don't see why it should not be possible to designate somebody like paul ryan or eric cantor or even marco rubio to stand down in washington and give a major presentation. charles: if they give the presentation and the lead ser doing something different -- and the leader is doing something different, isn't that a mixed messa
i don't think this fiscal cliff talks will resolve anything. nothing. charles: the whole thing, though, a lot of conservatives are saying boehner may not be that far away from obama in ideology. in other words, he's purged the tea party within the ranks of the leadership within the g.o.p. and seems to be willing to go down the same path as the president. >> i'm not sure i believe that. i think boehner's heart is in the right place, but he's caught up. it's his role to sort of grind out a...
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Dec 27, 2012
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when you look at money printing going on in japan and the fiscal cliff here and debt ceiling limit and relatively weak dollar, gold should have a lot more shine to it. >> not like the possibility of going over the cliff is something new. if gold is getting a bit on cliff fears, why has it sold off in the last month? what's taken so long? >> funny you mention that, they read the headline, harry reid says, looks like we're going over the cliff, i don't think anybody thinks about that. but everybody hits the sell button because they think everybody's going to. there's plenty of reason to buy gold but whatever gold is dealing with on the negative side it is not done dealing with. i don't think it's a good time. we're going over the fiscal cliff but shortly there after, gold is going. long term i want gold but short term not so much. >> now you know what these guys think. what about you? if we do go over the cliff, would gold go higher or lower. tell us. sean egan tells us if going over the cliff would mean a slash in the credit rating and ralph acampora, two shows, 1:00 p.m. >> we'll catch
when you look at money printing going on in japan and the fiscal cliff here and debt ceiling limit and relatively weak dollar, gold should have a lot more shine to it. >> not like the possibility of going over the cliff is something new. if gold is getting a bit on cliff fears, why has it sold off in the last month? what's taken so long? >> funny you mention that, they read the headline, harry reid says, looks like we're going over the cliff, i don't think anybody thinks about that....
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the other night i left the fiscal cliff behind and took a walk through new york city. it was great. the lights, the christmas tree, rockefeller center, crowds of people with their children. was such a switch. "varney and company" will not walk away from the fiscal cliff but we will bring you the real america, the responsible america, the way it is and the way it ought to stay. i hope you all have a wonderful american weekend. test test. there is no mass-produced human. every human being is unique. and there is one store that recognizes it. the sleep nuer store. the only place in the world you'll find the extraordinarilcomfortable sleep number experience. an exclusive collectioof innovations that totally individualize your sleep. perfectly comfortable pillows that adjust to your size and shape. temperature-balancing bedding. dual warmth comforters. all designed around the sleep number bed: a bed with dual-air technology that alls you to adjust to the support your body needs. each of your bodies. in the name of human individuality: the sleep number collection. discover how our sleep p
the other night i left the fiscal cliff behind and took a walk through new york city. it was great. the lights, the christmas tree, rockefeller center, crowds of people with their children. was such a switch. "varney and company" will not walk away from the fiscal cliff but we will bring you the real america, the responsible america, the way it is and the way it ought to stay. i hope you all have a wonderful american weekend. test test. there is no mass-produced human. every human...
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cliff and cut the national debt. the 81-year-old simpson went "gangnam style" to make his point. ♪ >> i have a bum knee. horse, horse. ride the horse. >> senator, thank you for that. and that's your morning dish of "scrambled politics." and now for a look at your national weather, let's turn to bill karins. he has your weather channel forecast. >> the best part is the underwater robot for a place that doesn't have water. >> maybe it's a pool. >> yes. >> and they need to inspect it. >> counter-terrorism measures in the backyard. you never know. good morning, everyone. getting out the door this morning, it's very cold up in new england. tell you what, the lack of snow is really becoming a slightly alarming especially if you have any interest in snowy weather recreation or skiing or ice skating or maybe you like to go snowmobiling. the northern half of the country is sparse. 7% of the country has snow cover. most of that is the high elevations in the rockies and northern rockies. it's about as low as it gets. last yea
cliff and cut the national debt. the 81-year-old simpson went "gangnam style" to make his point. ♪ >> i have a bum knee. horse, horse. ride the horse. >> senator, thank you for that. and that's your morning dish of "scrambled politics." and now for a look at your national weather, let's turn to bill karins. he has your weather channel forecast. >> the best part is the underwater robot for a place that doesn't have water. >> maybe it's a pool....
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Sep 4, 2012
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and brings up questions with unresolved debt crisis, fiscal cliff in china, is apple the stock that can weather any storm? >> is apple the stock that can weather any storm, the contrarian in me goes nutty. crazy? >> no. it has the ecosystem and earnings growth and september, will bring the iphone 5 and in europe on the 12th, you have an fonc meeting that begins the same day. apple may trump all else. >> doesn't the crazy positive sentiment make anybody crazy any time? >> it is widely held but still can't shun holding apple in your portfolio. like many managers do. the small factor mini ipad coming out that can generate more excitement. continually having new products. >> and like an expensive tv with remote control. >> i have enough remotes. >> it combines them all. >>> coming up, really ties the room together. we will take on the dollar trade as we wait for the european central bank's buying plan. we'll be right back. at optionsxpress we're all about options trading. we create easy to use, powerful trading tools for all. look at these streaming charts! they're totally customizable and
and brings up questions with unresolved debt crisis, fiscal cliff in china, is apple the stock that can weather any storm? >> is apple the stock that can weather any storm, the contrarian in me goes nutty. crazy? >> no. it has the ecosystem and earnings growth and september, will bring the iphone 5 and in europe on the 12th, you have an fonc meeting that begins the same day. apple may trump all else. >> doesn't the crazy positive sentiment make anybody crazy any time? >>...
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Dec 11, 2012
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now we're talking about using the fiscal cliff or the debt ceiling as the ultimate weapon, trying to get something from the president now or give something to the president now with a threat that the debt ceiling will be used as the weapon in a few weeks or months. and quite frankly, that's no way to run a country. we need to move beyond this stalemate and this gridlock and both parties need to come together. i think the president's trying his best and, quite frankly, i would say that speaker boehner is really trying here. but these are difficult circumstances and i believe -- i return to what i said earlier. we had an election. the president won. when it comes to these tax matters, the people of this country are supportive of the president's approach. >> i'm curious, chip, and you were on this teleconference and obviously those are people very involved and very interested but there's an awful lot of fatigue, election fatigue in this country and, frankly, the holidays -- holiday season is upon us, people are busy, kids are back in school, so son and so forth. how much is public press
now we're talking about using the fiscal cliff or the debt ceiling as the ultimate weapon, trying to get something from the president now or give something to the president now with a threat that the debt ceiling will be used as the weapon in a few weeks or months. and quite frankly, that's no way to run a country. we need to move beyond this stalemate and this gridlock and both parties need to come together. i think the president's trying his best and, quite frankly, i would say that speaker...
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if you look at federal spending, look at the debt forecast in the fiscal cliff, two different ways for the economy, we can go into another recession, spending goes down or the other forecast is we had that higher and things are fixed. where is your take? >> the crucial thing about without a recession is we won't do it real deficit reduction if we are recession. get to the spring save land and then there will have to be a big budget deal and we know what they look like. republicans have said we are not raising taxes unless you fix in thailand and democrats have said we are not touching entitlements into you raise taxes. now is the moment. the president said both sides have to give some and there has to be principled compromise to take a forward. cheryl: do you think in some way the president will take on some of the ideas that were put out by mitt romney during the election? >> if he wants to be successful he has to bend. he likes to blame republicans in the house but that is a look durrell politics. it is time to develop a legacy. what will be accomplished in a second term? needs repub
if you look at federal spending, look at the debt forecast in the fiscal cliff, two different ways for the economy, we can go into another recession, spending goes down or the other forecast is we had that higher and things are fixed. where is your take? >> the crucial thing about without a recession is we won't do it real deficit reduction if we are recession. get to the spring save land and then there will have to be a big budget deal and we know what they look like. republicans have...
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Nov 19, 2012
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the debt deal set up the fiscal cliff with the promise debt reductions would occur. now we say we raise the debt ceiling and deficit reductions may not occur, should not occur, in my opinion. why would you think if they set up a two-step process now that we're going to get any more out of the next two-step process than we got out of this one. >> zachary, i agree -- i think a lot of people look back on that august time period that bill is referring to and say, oh, that could happen again. but what a lot of people forget is that was the very same weekend italian yields were approaching 7%, we were live in rome at 1:00 in the morning when trichet was trying to save the world in europe. it was their lehman moment. presumably -- >> but at least they've solved the debt crisis in europe -- oh, no, wait, they haven't. >> the ecb is in a very different place than they were at the time. >> political dynamics have changed in washington. whether you like it or not, they have dramatically changed in washington. >> we had a status quo election. >> we had a election that returned m
the debt deal set up the fiscal cliff with the promise debt reductions would occur. now we say we raise the debt ceiling and deficit reductions may not occur, should not occur, in my opinion. why would you think if they set up a two-step process now that we're going to get any more out of the next two-step process than we got out of this one. >> zachary, i agree -- i think a lot of people look back on that august time period that bill is referring to and say, oh, that could happen again....
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Dec 28, 2012
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fiscal cliff here. something will be done. and there will be a look back and they'll correct the tax implications for all of us. but the thing they won't be able to do anything about and that they will actually have to negotiate and get done is the debt ceiling. that is the big thing facing us right now. most likely in the first three weeks of january. >> what makes you give back into the market? what makes you put a position on? >> i think we'll see some panic during the first three weeks of january. i really do. >> a whoosh down and then start fishing. >> yes. i would like to see that same sort of panic that lifts us into the mid 20s for the vix. i don't want to see that folks but when scott is asking me when would i get back in, i'll get back in because i anticipate that panic because as these guys have proved, they said november 16th. we're not going to go to the end of the line to get this thing approved. they've come all the way to the end of the line. they will do the same thing with the debt cei
fiscal cliff here. something will be done. and there will be a look back and they'll correct the tax implications for all of us. but the thing they won't be able to do anything about and that they will actually have to negotiate and get done is the debt ceiling. that is the big thing facing us right now. most likely in the first three weeks of january. >> what makes you give back into the market? what makes you put a position on? >> i think we'll see some panic during the first...
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earnings will be very much held captive by the fact that the uncertainty not only about the fiscal cliff but debt ceiling. >> very quickly, john, we're lose altitude in this market rapidly. what do you make of this, and what are you expecting to close here? >> just shows you how fragile our markets r.one comment out of washington can take profits off the table intraday. we'll hold on to our gains here. >> thanks, everybody. we appreciate it. where exactly do we stand in these fiscal cliff negotiations in the latest now from our john harwood, on your stomping ground. good to see you both. what do you make of this comment from harry redd, john, saying it's unlikely we get a deal by christmas? are they posturing? they don't want to put their spending cuts on the table but want the republicans to. is this posturing? >> i think it's posturing. jay carney gave a white house briefing saying i'm not going to reveal anything about the status of the talks in negotiation beyond the fact that they took place. the support trying to hammer republicans publicly. he's got the high side public opinion on
earnings will be very much held captive by the fact that the uncertainty not only about the fiscal cliff but debt ceiling. >> very quickly, john, we're lose altitude in this market rapidly. what do you make of this, and what are you expecting to close here? >> just shows you how fragile our markets r.one comment out of washington can take profits off the table intraday. we'll hold on to our gains here. >> thanks, everybody. we appreciate it. where exactly do we stand in these...